Archives For Women

It’s always exciting to get to welcome a new Guest Blogger to our platform. Let’s welcome Kathy Manson to The Life You Can Afford to Live! Kathy has an extensive resume and bodies of work within Financial Planning and Money Management. You can view her latest endeavors at Catalina Structured Funding. I feel certain that we will see her back here again soon. However, for now learn from her wisdom on this important subject around Money Management and your Teen!

                                                                                                                                          – Todd Burkhalter and our team at The Life You Can Afford to Live

 

The last thing on your teenager’s mind might be money and budgeting but prioritizing these lessons at this age might be one of the most important undertakings you can do as a parent. While there are certain online sites that provide tools, we believe some good old fashion techniques are a better way to lay the groundwork.  Below are 4 tools to help you get the conversation going (if you can get them to look up from their phone):

 

4 Tips to Teach Your Teen

Budgeting

Budgeting and More Budgeting. Maybe the best way to start teaching your teenager about money is to give them some to control. While some parents provide a monthly allowance, we believe that weekly increments help reinforce the principles on a more consistent and regular basis. By doing the allowance weekly, the teenager is giving the opportunity to “save up” for a larger purchase and understand the ramifications of spur of the moment purchases.

Teach them the Concept of Sales

While for adults shopping for the best price or waiting for an item to go on sale is second nature, the concept of delayed gratification is an additional benefit of showing a teenager to wait to an item they want is discounted.  It also begins to show a teenager that is focused on consumption how finding items at a reduced price may allow them to get more things they desire.

Projecting What They Need

Too often at teenager sees something and then “needs” to have it.  We suggest having your child come up with a list of items they will need for the upcoming semester or seasons. While it is a new backpack, a pair of sneakers or the hottest new jeans on the market, the teenager will learn to respect money more if they independently establish a “wish list” for the near future and then you sit down and distinguish necessities from luxuries. While we are not suggesting every purchase needs to be a necessity, we do think it prudent to make a teenager to set priorities on the non-essentials.  In time this proves a valuable tool instead of a discussion every time the teenager walks into a store and sees an item he or she desires.

Earn The Money

Whether it is on top of a basic allowance or not, and whether it simply being paid to do additional chores around the house, making the teenager earn the money instead of it being given to him or her, is maybe the most basic and powerful took in teaching the “value of the dollar”.

With all the lessons that need to be instilled by parents, and there are countless important ones, understanding and appreciating money should be near the top of the list.

 

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Never Peak

December 29, 2016 — Leave a comment

Never peak, never settle or max out! I want to encourage you to strive to reach your peak every day. Have you ever known anyone who still lives in their high school days? Someone who always speaks of the past? It can be sad to see or hear. A person who has already lived their best days. Today provides a new opportunity and a new chance to create your future.

 

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Far too often when someone is successful early in life or their career they become stagnant. The stagnancy comes from listening to the applause a little too long or thinking a little too much of the adoration which accompanies success. Wanting that same appreciation this person will try and replicate the action or behavior that created their early win. Don’t get me wrong it is good to identify what has worked in the past but the danger comes when it stunts the growth or maturation in a person or their skills.

 

 

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Keeping this phrase in mind, will always keep you forward looking. Being a standout in your early years can either be a blessing or a curse; It all depends on your motivation and desire to continually improve. An intentional approach to your personal growth ensures that you will continue to be creative. A creative person will always be focused on new or innovative ideas. Innovation is the antithesis of being stagnant or re-living the past.
Wisdom certainly comes from examining our past actions, behaviors and their outcomes. However, a focus on the future and all that God has planned for you will allow you to live the life that you desire.

Your future is bigger than your past, if you take action. Now go out and get it!

Empathy TB

 

Take a minute today and think through the word empathy. Empathizing with someone isn’t always natural. Human’s natural tendency is to believe that everyone shares the same knowledge, experience and life that they enjoy.

 

So not true! You never fully know the battles that others are facing.

 

Empathy is different from sympathy, which is pity or sorrow for others’ misfortunes. They share a common root in -pathy, from the Greek pathos, “feeling.” Where they differ is in their prefixes: sym- means “with,” while em-means “in.” If you can empathize with someone, it’s because you have been in their place: you’ve “walked a mile in their shoes,” as the saying goes.

 

So I invite you to take a proactive step towards empathizing with others. This step towards empathy is an opportunity for you to invest into those around you.

 

Choose one of the Drive Planning Programs for Personal Development. Our group sessions allow your team to take a proactive step in bettering themselves.

 

Our programs emphasize:

 

  • Relational Health

  • Physical Health

  • Financial Health

 

Which leads to:

 

  • Better Communication Skills at Home and the Office

  • Greater Productivity

  • An Increased Self Image

  • More Financially Sound

  • Greater Confidence

  • Less Sick Days

  • Weight Loss

  • Increased Patience

  • More Focused

 

Better People Better Employees Quote

 

Contact me today to discuss getting started at your company. If you enjoy this subject I encourage you to subscribe to The Life You Can Afford to Live and follow me on-line.

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